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Mar 1, 2014
03/14
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he is governing in a difficult environment. is there one or two lessons he could learn from those radius presidencies? previous presidencies? >> he is trying hard. he has an awful situation. the republican party is terribly divided. it is terribly divided, so they spend much of their time fighting each other. to mess't have the time with democrats. >> there is not much he can do? >> he is trying. i think the staff that he has is good. but, they are not doing enough to get close to the congress. they are doing better. it is going to take a long time to get over and get past that point. , the taskke too long -- there is no task remaining until he is out of the door. >> you have said your favorite speaker was sam rayburn. a few questions. tip o'neill. >> a wonderful guy. everybody loved him. both republicans, democrats. was a good speaker. another irishman was a great one. john mccormick. of rayburn.rotÉge mentor of tip o'neill. succession.derful understood how the place should work and how people could work together. >> on the o
he is governing in a difficult environment. is there one or two lessons he could learn from those radius presidencies? previous presidencies? >> he is trying hard. he has an awful situation. the republican party is terribly divided. it is terribly divided, so they spend much of their time fighting each other. to mess't have the time with democrats. >> there is not much he can do? >> he is trying. i think the staff that he has is good. but, they are not doing enough to get...
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Feb 28, 2014
02/14
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we also see specifically that there is no control environment in place. we had cyber hackers come in now up to two years to stool these coins. not only do they steal customer le 100,000 they sto coins from the owner specifically. >> what do you think is the likelihood that these people will ever get their money back? there is no regulation? there are no laws? why should they? dory.t is the fed assumes there's no consumer protection whatsoever and without the consumer protection, these investors could lose everything. most probably they have lost everything. bitcoin itself is untraceable. once these transactions are done, they are irreversible. it is anonymous. it is hard to track down the criminals. it is hard to get the money back. , i'm noto seems to me a lawyer by any means, establishing standing, the most basic legal principle that any suit has to go through, is virtually impossible because of the way bitcoin is designed it so there is no location and place. that is correct. there's no legal structure over the top of it as well as any sort of regulati
we also see specifically that there is no control environment in place. we had cyber hackers come in now up to two years to stool these coins. not only do they steal customer le 100,000 they sto coins from the owner specifically. >> what do you think is the likelihood that these people will ever get their money back? there is no regulation? there are no laws? why should they? dory.t is the fed assumes there's no consumer protection whatsoever and without the consumer protection, these...
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Mar 6, 2014
03/14
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lost the information environment, he also lost the military. with an explosion of grievances against the autocratic regime, people started putting their guns down. it is very easy to see -- to unseat and autocrat. what happens next? much more difficult. in future revolutions, they will be easier to start, but harder to finish. they are harder to finish, because if you look at ukraine, it is a highly complex society. it is not just a democrat. the eastern part of the country sympathizes with russia. the government in kiev is still in transition where there hasn't been a charismatic leader to step up. it is far more complex than following a play-by-play. >> in the ukraine, you have a sophisticated cup -- population that is highly wired. it doesn't necessarily produce democracy, power, and so forth. it can be used against it. in the book, we talk about egypt. what happened with the egyptian government, hosting mubarak got so scared of what was going on that they shut down the internet for four and a half days. the average person said, oh my god, t
lost the information environment, he also lost the military. with an explosion of grievances against the autocratic regime, people started putting their guns down. it is very easy to see -- to unseat and autocrat. what happens next? much more difficult. in future revolutions, they will be easier to start, but harder to finish. they are harder to finish, because if you look at ukraine, it is a highly complex society. it is not just a democrat. the eastern part of the country sympathizes with...
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Feb 28, 2014
02/14
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there is a universal theme of a rising rate environment out there. i will keep saying until it registers. you cannot normalize retail unless you normalize growth and inflation. inflation has not been normalized. the wealth effect is supposed to be benefiting the consumers. >> didn't the inflation numbers come up to an extent? morelittle blip is transitory to begin with. there is no real demand. the only way we will get inflation is from cost push inflation. >> clearly we will not get it from the fed. >> thank you. ago told you five years that the bank of japan in england and the central banks would be pumping trillions of dollars -- we would be talking about bitcoin. we have to ask ourselves what is happening in the mechanism here, where inflation is not being treated. if the emerging economies are in their anticipation of future earnings growth, the u.s. stock market is very wrong. >> what will it take to get inflation? >> higher wages. 77% of inflation comes from wages. you think about, what is the biggest cost to all these employers? wages. not ni
there is a universal theme of a rising rate environment out there. i will keep saying until it registers. you cannot normalize retail unless you normalize growth and inflation. inflation has not been normalized. the wealth effect is supposed to be benefiting the consumers. >> didn't the inflation numbers come up to an extent? morelittle blip is transitory to begin with. there is no real demand. the only way we will get inflation is from cost push inflation. >> clearly we will not...
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Feb 28, 2014
02/14
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what's exciting is ringing 3-d perception of our physical environment onto a phone. gpsrtunities like indoor and the ability to build 3-d maps in real time and localized people or devices and then add on information about the world like the location of objects and behavior of people, it's a really exciting space and will bring search into the physical everyday environment. >> let's break this into two things -- one is the technology and the other is the data. let's start with technology. what is the technological innovation that is very different that we are seeing with this? is bringingference it all together, the level of integration. some of the things they have been doing with laptops or more computing but in terms of packing it in such a small device, that is the key innovation. it is challenging because as you move a device through the world, it accrues uncertainty. map, you could localize yourself but we don't have a map in our house. the key trick of this simultaneous localization of mapping is to localize the mapping. slam?s called >> simultaneous localizati
what's exciting is ringing 3-d perception of our physical environment onto a phone. gpsrtunities like indoor and the ability to build 3-d maps in real time and localized people or devices and then add on information about the world like the location of objects and behavior of people, it's a really exciting space and will bring search into the physical everyday environment. >> let's break this into two things -- one is the technology and the other is the data. let's start with technology....
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Mar 5, 2014
03/14
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number three, the environment as a whole, it seems that investors continue to discount the upside and are very cautious. we will not see returns like 2013, but we are still bullish as a whole. >> in the last conference call we kept hearing about companies guiding downwards. so much m&a. how do you account for that? >> that is a concern, not everything is rosy and perfect, but there are concerns out there and you have seen an environment over the last few years where every quarter they learn a is part of thech regulatory environment that we are in. they overpromise and underdeliver and could potentially be on the hook for money. it down. which is not to say that you should ignore these things. you want to look at it. but you need to do your homework and look at what is happening in terms of corporate earnings. generally speaking, and our view, if the company continues to take market share away from competitors in in industry that continues to grow, they must reflect in the numbers at some point. maybe not this quarter or the next quarter, but at some point. >> it seems to be a stock pi
number three, the environment as a whole, it seems that investors continue to discount the upside and are very cautious. we will not see returns like 2013, but we are still bullish as a whole. >> in the last conference call we kept hearing about companies guiding downwards. so much m&a. how do you account for that? >> that is a concern, not everything is rosy and perfect, but there are concerns out there and you have seen an environment over the last few years where every...
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Mar 4, 2014
03/14
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what should the regulatory environment be? you have to have some rules. >> some of the rules were put in place that are very good. contact for the bar were. putting in place a really normative standard for making a loan. disclosure. all the things you heard about during the crisis. >> what about for the banks? agree -- we totally don't need to see the new agency that came out of the dodd frank law telling the banks with the price of mortgages ought to be. we should not have legislated the way that prepayment penalties work. as a low credit score bar were its mortgage come your score goes up immediately. another lender will come in and refinance you. that first lender will lose money. they're not going to do that. >> mark fleming is the chief economist on bloomberg radio. he said the housing market is becoming more illiquid. he says the slowdown we are seeing in sales as a result of not enough homes being available. is there a lack of inventory echo >> it is even scarier than that. think about 20% of all homes in this country s
what should the regulatory environment be? you have to have some rules. >> some of the rules were put in place that are very good. contact for the bar were. putting in place a really normative standard for making a loan. disclosure. all the things you heard about during the crisis. >> what about for the banks? agree -- we totally don't need to see the new agency that came out of the dodd frank law telling the banks with the price of mortgages ought to be. we should not have...
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Mar 6, 2014
03/14
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he wants these countries to look to russia for guidance on what to do on the international environment. he wants to re-create or create some kind of an economic union. he sternly does not want responsibility for the internal problems. they have economic problems. thingsays that the worst was the collapse of the soviet that ifut you believe he thought he could re-create a soviet union, he would want to because of all the problems that would go with it. countries,wanted most of all the ukraine, looking to russia. them to be part of an arrangement russia, not the west. he wants to avoid them establishing stronger linkages with the west. he wants them to have much stronger linkages with russia. russia has some measure of control. >> he says that specifically in part, does he not? is a typical autocrat. he has made no secret of what he wants to do. he is doing it. i think he has a clear purpose in mind. he's taking the long view here. he is prepared to play this out. we will see tactical moves. one way or another. i think we need to keep in mind what his objective is. my view is that he wil
he wants these countries to look to russia for guidance on what to do on the international environment. he wants to re-create or create some kind of an economic union. he sternly does not want responsibility for the internal problems. they have economic problems. thingsays that the worst was the collapse of the soviet that ifut you believe he thought he could re-create a soviet union, he would want to because of all the problems that would go with it. countries,wanted most of all the ukraine,...
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Feb 27, 2014
02/14
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profile debategh kind of political environment. it really says, not so much that the bill passed, but that the bill met the opposition that it did. apple it come intel, american is anes and others, it litmus test that's a little pies the fact that arizona is open to business and we are very grateful and ja for the veto. has is the same state that raised all kinds of controversy around martin luther king day, for example. it passed one of the most discriminatory immigration laws in the country. some of which we have been rolled back by the courts. what does it say about the state? that is the lens through which corporate america is looking at arizona. corporate america, whether it be businesses like apple or sports leagues like the nfl, have to make decisions about how much business to do in the state and how many jobs to create in the state. are you concerned about that? we are the only state that passed martin luther king day as a holiday on the ballot. i wonder how me states right now with complex racial politics in the east or t
profile debategh kind of political environment. it really says, not so much that the bill passed, but that the bill met the opposition that it did. apple it come intel, american is anes and others, it litmus test that's a little pies the fact that arizona is open to business and we are very grateful and ja for the veto. has is the same state that raised all kinds of controversy around martin luther king day, for example. it passed one of the most discriminatory immigration laws in the country....
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Mar 4, 2014
03/14
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we have been growing in the depressed markets and with this environment, it is even better for all the new models we are offering. >> matt miller joins me with on mercedes-benz. how had they been able to go head? >> don't you wish you would get more excited? he is doing so well over there, stiffy, and he is still and tired. sometimes, he can have a lot of personality. --. not know me maybe he gets nervous. they are doing so well. the classic underpromise and over deliver. he is saying the market is not >> you're just making fun of them. class i love him. the reason mercedes is doing so well, other than the european economic recovery, which is slow, that is helping the entire industry, is that they're coming out with incredibly strong products. they have a great barbell approach. have got the s class, super luxury, andpensive every single car reviewer in the world is just obsessed with it as far as that class of car. it wins every accolade in word. it is not beatable as far as the 10hnology and precision and -- and engineering. it is helped them to shine. on the other end, and not that
we have been growing in the depressed markets and with this environment, it is even better for all the new models we are offering. >> matt miller joins me with on mercedes-benz. how had they been able to go head? >> don't you wish you would get more excited? he is doing so well over there, stiffy, and he is still and tired. sometimes, he can have a lot of personality. --. not know me maybe he gets nervous. they are doing so well. the classic underpromise and over deliver. he is...
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Mar 6, 2014
03/14
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clearly, the changing environment for a payment company shows how successful paypal might someday be. lived a lot of groundwork like no one else, but as the trite tv is an goes, we shall see. >> we shall see. the stock up one percent. that was a great insight. investors are easing their concern, but not when it comes to radioshack. this electronic store catch a break? ♪ >> jcpenney, toys "r" us, best buy and sears are all seeing their bond rally the most in a year, the sign that that isestors -- but radioshack an entirely different story. badwe kept hearing was how the weather of that retailers and margins were bad -- what is going on? >> that was definitely the vibe on wall street. the data was not looking great and everyone was ready for a catalyst for these retailers. it was like you had a pot of water coming to a boil. so -- in the waterned question were >> everyone else got taken off the burner and radioshack is still on. everyone else had liquidity and said we are going to make it at least through this year. radioshack, they just could not make it. the revenues are down, their
clearly, the changing environment for a payment company shows how successful paypal might someday be. lived a lot of groundwork like no one else, but as the trite tv is an goes, we shall see. >> we shall see. the stock up one percent. that was a great insight. investors are easing their concern, but not when it comes to radioshack. this electronic store catch a break? ♪ >> jcpenney, toys "r" us, best buy and sears are all seeing their bond rally the most in a year, the...
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Feb 28, 2014
02/14
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the week wage environment is also a factor here. what is the bloomberg consensus forecast? >> we are expecting a 15.4 million pace of sales. as critical. at the end of january, we had inventory on the market. sustainable set around 65. one of the reasons we had the slowdown in production was not because of the weather. it has to do with the balance of supply. we need to see the pace of sales pick up substantially. my sense here is that the weather will inhibit that. eventually the automakers will have to put in some pretty big extensions to clear those inventories out. imagine, day before march, in april, will that number spike up a little? when people start getting tax returns back. >> that's what we are expecting. you'll get a little more cash on hand. this is the year many middle-income americans are going to see the tax on their interest reduced. they may get a little less. >> about 30 seconds left. non-manufacturing data. at richmond fed survey, what's a likely to tell us? >> it remains flat. retail is taking it on the chin. at thewill probably stay level. >> a look at
the week wage environment is also a factor here. what is the bloomberg consensus forecast? >> we are expecting a 15.4 million pace of sales. as critical. at the end of january, we had inventory on the market. sustainable set around 65. one of the reasons we had the slowdown in production was not because of the weather. it has to do with the balance of supply. we need to see the pace of sales pick up substantially. my sense here is that the weather will inhibit that. eventually the...
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Mar 4, 2014
03/14
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it looks like any other ford, except it has infrared lights that scan the environment than much the same way another would. -- the same way a dolphin would, but without the clicks. creating a three-dimensional map of everything, making 2.5 million measurements every second. it means the car can accelerate, brake, or swerve without being told to. it is autonomous. >> there is a long way to go in that. the next big step will be cars talking to cars, road conditions and safety conditions. i suspect the technology will be there before the legislation and drivers are ready to accept it. >> ford aims to have them on the road by the next few years. >> selling cars is a job that often carries a negative stigma, but there is one salesman who has found success in a life dealing wheels. here's edwards. >> there is not any car that i cannot supply within 40 hours. i've never been challenged. >> if you want a supercar, where do you go to buy one? london's mayfair might sound like a good place to start, or you could try behind these gates. in england's rural midlands. it is here that you will meet tom
it looks like any other ford, except it has infrared lights that scan the environment than much the same way another would. -- the same way a dolphin would, but without the clicks. creating a three-dimensional map of everything, making 2.5 million measurements every second. it means the car can accelerate, brake, or swerve without being told to. it is autonomous. >> there is a long way to go in that. the next big step will be cars talking to cars, road conditions and safety conditions. i...
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Feb 26, 2014
02/14
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what is the future for this bank and the environment you just described? i think it is not necessarily a great idea to focus the entire business on private banking. profitability and margins are under pressure. for credit suisse it is a big advantage they have managed to preserve such a large part of their investment banking. it is comfortably covering its cost of capital. count himselfcan lucky that they still have this investment bank and that they have more diversified earnings. credit suisse is not in such a bad position. it is cheap compared to other swiss banks. >> thank you for your analysis, joining us from kepler cheuvreux from frankfurt. crime pays. brazil may have some of the world's best beaches. it is the king of car crime. auto theft revving up business for one company. it is coming up next. ♪ welcome back.g, you are watching "the pulse," live on bloomberg tv and streaming on bloomberg.com. let's take a look at today's hotshot. to get anvils decide unconventional tour of rio de janeiro. .hey flew by the giant statue check out this shot, it
what is the future for this bank and the environment you just described? i think it is not necessarily a great idea to focus the entire business on private banking. profitability and margins are under pressure. for credit suisse it is a big advantage they have managed to preserve such a large part of their investment banking. it is comfortably covering its cost of capital. count himselfcan lucky that they still have this investment bank and that they have more diversified earnings. credit...
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Feb 28, 2014
02/14
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this veryin health-conscious environment right now where people are trying to be nutritious. at the end of the day, is that just online? line?t a >> it really does seem to be the trend. america has his great love affair with peta. 13% of the population every day. a slicethey have eaten in the last two weeks. and one quarter of the cheese goes to be tough. pizza. papa john's is killing it. big three.he >> what is the third? >> dominoes, papa john's, pizza hut. >> oh, pizza hut. thank you very much. i know what i'm having for lunch. gets an updateed from investors on its weather-related miss. and we will take a look at the man who won the what -- the lifetime achievement award. ♪ >> here is a look at the top tech stories on our radar. apple has won a $2.2 billion patent filed by a german-based patent curtain -- patent company. the lawsuit alleges that the patent infringement is on priority for calls on mobile networks. the owner of another mobile phone carrier [inaudible] an salesforce.com forecast first-quarter revenue that made top analyst estimates. -- them a top analyst e
this veryin health-conscious environment right now where people are trying to be nutritious. at the end of the day, is that just online? line?t a >> it really does seem to be the trend. america has his great love affair with peta. 13% of the population every day. a slicethey have eaten in the last two weeks. and one quarter of the cheese goes to be tough. pizza. papa john's is killing it. big three.he >> what is the third? >> dominoes, papa john's, pizza hut. >> oh,...
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Mar 5, 2014
03/14
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to learn how they took this product and turned it soda.ay -- homemade people do not want to hurt the environment. also look at sodastream. they hire a lot of employees, they are israeli engineers. this is a great example of how you focus on good things and grow the economy on both sides. >> the controversy was that scarlett johansson is the spokesperson and they have a factory that employs people took and offense to her sponsorship of this. is that a constant issue you have to deal with? >> luckily i focus on the good rings. i focus on innovation, creativity, and business. 1500 mbaing more than students from the top programs, all the top 20 programs in canada, spain, hong kong, beijing, they are interested in innovation. people are not so looking all the time about the bad things. onkily i am focused 100% that. >> companies like cisco and intel making investments in israel. you can mention google doing a lot of their innovative products and israel. are doing allked their innovative products in haifa. >> i want to thank you very much. the founder of the u.s.-israel does this -- business council.
to learn how they took this product and turned it soda.ay -- homemade people do not want to hurt the environment. also look at sodastream. they hire a lot of employees, they are israeli engineers. this is a great example of how you focus on good things and grow the economy on both sides. >> the controversy was that scarlett johansson is the spokesperson and they have a factory that employs people took and offense to her sponsorship of this. is that a constant issue you have to deal with?...
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Mar 4, 2014
03/14
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>> arriving in this environment in the environment? yes. >> it made me a bit uncomfortable, to say the least. giant tortoises do not get as excited about meal time. in fact, they can live months without food. this one is 30 years old. 30 may be the new 18 because she will live to 200. ransom spent hundreds of thousands of dollars on animal conservation. in addition, he shelters rare birds. >> this was warned blind. hand feeding him. doing very well. there.e one right this was once native to this area of the caribbean. by the time richard moved here, not a single one left. >> i think because they are so beautiful, they were killed. >> richard branson has a plan for them. >> once we have enough here, they will start having to other islands. hopefully the british virgin islands will have the flamingos and all the ponds. >> if i were an animal, i would never leave. >> don't do that. i did not like it when all of the lemurs were crawling all over me. they have nails. were climbing up my legs. >> if he is successful, and you are talking abou
>> arriving in this environment in the environment? yes. >> it made me a bit uncomfortable, to say the least. giant tortoises do not get as excited about meal time. in fact, they can live months without food. this one is 30 years old. 30 may be the new 18 because she will live to 200. ransom spent hundreds of thousands of dollars on animal conservation. in addition, he shelters rare birds. >> this was warned blind. hand feeding him. doing very well. there.e one right this was...
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Mar 6, 2014
03/14
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you are looking in that environment. a lot of investors aren't used to this market. we think we are in the waning days. as interest rates are eroding those rates of return, you are zero. >> lets the were treasuries ended today. in the last hour, you have seen yields up higher. overall, it was a tight range for the market. they are not taking up very big additions. was a little rush into the treasury market. in terms of commodities, you have to look at oil here. moving on u.s. data, u.s. inventory is climbing for the seventh straight week. there's some weakness in the, the. refining capacity is down. they are transitioning from winter into spring. that affects the energy stocks. or on the markets, i'm alex feel. ♪
you are looking in that environment. a lot of investors aren't used to this market. we think we are in the waning days. as interest rates are eroding those rates of return, you are zero. >> lets the were treasuries ended today. in the last hour, you have seen yields up higher. overall, it was a tight range for the market. they are not taking up very big additions. was a little rush into the treasury market. in terms of commodities, you have to look at oil here. moving on u.s. data, u.s....
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Feb 26, 2014
02/14
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this is the most competitive feature environment he's ever seen. they will withdraw world cup t-shirts after they complained it a link to the country with sexual activity. the world's largest --second-largest sports company said they were only available in the u.s.. >> 643 a.m. in london. brazil is also the king of car crime, bad news for owners but makerews for the israeli of car tracking devices reporting record earnings largely thanks to brazil's auto theft explosion. middle eastern attic or elliott gotkine has more. with theen speaking chief executive? >> their biggest market thanks to this explosion of auto theft, brazil is just as important. of 10,000 vehicles are stolen, 40% worse than the second worst country, south africa. the chief executive says it will continue to be a very good market for them. very attractive to us because of two main reasons. brazil is becoming a more western company. more insurance companies are involved in more car manufacturers are involved. more people are using cars. on the other hand, still emerging markets. ,h
this is the most competitive feature environment he's ever seen. they will withdraw world cup t-shirts after they complained it a link to the country with sexual activity. the world's largest --second-largest sports company said they were only available in the u.s.. >> 643 a.m. in london. brazil is also the king of car crime, bad news for owners but makerews for the israeli of car tracking devices reporting record earnings largely thanks to brazil's auto theft explosion. middle eastern...
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Mar 5, 2014
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think it is certainly a different environment than it was in 2005 or 2006. i would hesitate to say it is over. >> let me ask you about the bay area. whenever i am here in new york i hear about silicon valley and you hear about the new silicon valley of texas. why is silicon valley continuing brightest, best and or is it? >> i think it is. at the five companies worth more than $5 billion in tech and you will find they all come from silicon valley. and then five in new york. it is a network effect. if you are a world-class engineer, where should you go? the overwhelming answer is silicon valley. and then as a result, the best executives are in silicon valley , the ones who know how to scale companies. is a predominant amount of money. the culture itself is very conducive. all of those things are designed to make it a very strong network effect. it is sort of like hollywood. how hard is it to make a movie. you can make a movie in idaho. grip,etting the best key you will not get someone as good as the guy in hollywood. that is who you are competing with, you sta
think it is certainly a different environment than it was in 2005 or 2006. i would hesitate to say it is over. >> let me ask you about the bay area. whenever i am here in new york i hear about silicon valley and you hear about the new silicon valley of texas. why is silicon valley continuing brightest, best and or is it? >> i think it is. at the five companies worth more than $5 billion in tech and you will find they all come from silicon valley. and then five in new york. it is a...
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Mar 6, 2014
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once he lost the information environment, he lost the military. with an explosion of grievances against the autocratic regime -- >> we do have breaking news. president obama speaking about -- at the white house. the sovereignty and territorial integrity of the ukraine. or for stealing the assets of the ukrainian people. according to my guidance him of the state department has put in place restrictions on the travel of certain individuals and officials. these decisions continue our efforts to impose a cost on russia. those responsible for the situation in crimea. they also give us the flexibility to adjust our response going forward based on russia's actions. we took the steps in" nation with our european allies. i've spoken to several of our closest friends around the world and i'm pleased that our international unity is on display at this important moment. readye moved together all to announce substantial assistance for the government in kiev. in brussels, our allies took some steps to impose costs on russia. i'm confident that we are moving forw
once he lost the information environment, he lost the military. with an explosion of grievances against the autocratic regime -- >> we do have breaking news. president obama speaking about -- at the white house. the sovereignty and territorial integrity of the ukraine. or for stealing the assets of the ukrainian people. according to my guidance him of the state department has put in place restrictions on the travel of certain individuals and officials. these decisions continue our efforts...
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Mar 5, 2014
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. >> we modify aircrafts to make it more like a home environment. increaseden an emphasis on noise reduction in aircrafts. a sound level would only allow you to have good speech interaction within one feet of each other. we have 47 decibels. they communicate 16 feet easily. once it was identify that you could get lower, we rely, alessio far we can go. we apply a continuous and uninterrupted barrier of installation -- insulation. we isolate the component that passed through the barriers. we also have to treat the systems within the barrier already. ventilation fans and whatnot. it is about optimization. more we add, the more weight you add to the aircraft. this would be what would typically come on aircraft. but we develop an whole new only two thirds of the way, it is 10 decibels quieter or half the noise level. interior,f the basic it would be $25 million range. we will have a wide body aircraft. 747, that is just what we do from the interior completion standpoint. class coming up, the bank of nova scotia will be in the spotlight. we will speak to
. >> we modify aircrafts to make it more like a home environment. increaseden an emphasis on noise reduction in aircrafts. a sound level would only allow you to have good speech interaction within one feet of each other. we have 47 decibels. they communicate 16 feet easily. once it was identify that you could get lower, we rely, alessio far we can go. we apply a continuous and uninterrupted barrier of installation -- insulation. we isolate the component that passed through the barriers....
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you are looking flat in that environment. a lot of investors had been used to this raging bull market for over three decades. we think we are in the waning days of that play. if you take off inflation, you're kind of zero-ish. >> speaking of, let's take a look at where treasuries ended today's session. creep last hour, they higher, but overall a very tight range for the treasury market. like i said in the last hour, there was a little rush into the treasury markets and safe haven buying. and turning to commodities, you have to look at oil. booming on u.s. data, not on ukraine and russia. u.s. inventories finding for a seventh straight week, leading to some weakness in commodities. also, pointing out that commodity -- refining capacity is down. as they make the transition from winter into spring. i'm alix steel. ♪ ♪ >> this is "taking stock" for wednesday, march 5, 2014 i. i am pimm fox. ou he isr theme and is a risk. -- our theme is a risk. nfl wide receiver, taking a risk in the restaurant business. we have got details.
you are looking flat in that environment. a lot of investors had been used to this raging bull market for over three decades. we think we are in the waning days of that play. if you take off inflation, you're kind of zero-ish. >> speaking of, let's take a look at where treasuries ended today's session. creep last hour, they higher, but overall a very tight range for the treasury market. like i said in the last hour, there was a little rush into the treasury markets and safe haven buying....
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Feb 27, 2014
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>> the obamacare regulatory environment is one element of the change in health care where the cost of health care will continue to go up and software is a fundamental way to address that. we have been very active selling companies to the larger participants as they look to build up rotter solutions. >> what other subsectors of tax are hot right now? >> infrastructure software broadly. like sapy solutions and oracle. i think you can see companies like ca trying to change itself or companies that have gone private that are trying to transform companies to deliver solutions into the small and medium-size companies in the marketplace. >> one of the stocks we like to talk about is tesla. morgan stanley doubled their price target. would you buy tesla? >> i'm a technology banker and a big car guy, so i love the stock, does it have the chops to develop the solutions that? that is an unknown. it's interesting at risk dollars that may lay out in a big way or may not. it?ould you buy >> no. >> a lot of analysts still have a bye on it. we are on the market again and 30 minutes. "street smart" is
>> the obamacare regulatory environment is one element of the change in health care where the cost of health care will continue to go up and software is a fundamental way to address that. we have been very active selling companies to the larger participants as they look to build up rotter solutions. >> what other subsectors of tax are hot right now? >> infrastructure software broadly. like sapy solutions and oracle. i think you can see companies like ca trying to change itself...
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Mar 4, 2014
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zurich, we are starting to prepare for a low-interest environment. we came off of it in 2008, we had to make little changes to profitability. we chose to defend it, that was a very strong managing good we have less sensibility to low-interest rates than other countries, which probably will have more challenging times ahead. short interest rates continue to remain where they are. in other words, moving into a japanese scenario. thatarting to dustin and -- infrastructure of real estate. would you take more risk on so-called hard assets if you could? >> as part of my strategy for the economy, considering all of the assets, i would take moderately more risk. when you do that, we have also decided to move a part of our liquid assets into lesly quit assets. talking about infrastructure, i --uld dress that the world stressed that the world takes infrastructure loans, and some of the more risky assets modestly increase our quarter. >> how important an issue is climate change for the interest -- insurance industry? >> climate change is an important factor. no
zurich, we are starting to prepare for a low-interest environment. we came off of it in 2008, we had to make little changes to profitability. we chose to defend it, that was a very strong managing good we have less sensibility to low-interest rates than other countries, which probably will have more challenging times ahead. short interest rates continue to remain where they are. in other words, moving into a japanese scenario. thatarting to dustin and -- infrastructure of real estate. would you...
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Feb 26, 2014
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cube oromen work in a open office environment, like we have here. that is compared to 27% for men. >> do you have an open office? >> yes, completely open. >> and conference rooms are always occupied? >> yes, they are on the interior. people are all around in an open area layout. when people need to meet, they find a conference room. >> you are moving right now. as a businessman, as a new york guy, how do you feel about you moving to the empire state? >> it is a great building. we were looking for 80,000 square feet. options, not too many -- we found maybe four or five at the time. we have two floors, 20 and 21. internal staircase. >> did you have to redo a lot of the truck sure where you are now? >> there were lots of small tenants, and i think they move them around. >> it is not available yet, but would you have considered the new world trade center? >> we did look at it. i think you can still. you cannot move in yet, but you can to some stuff in advance. it is actually pretty expensive. when we compared it to some of the other pricing -- >> for a
cube oromen work in a open office environment, like we have here. that is compared to 27% for men. >> do you have an open office? >> yes, completely open. >> and conference rooms are always occupied? >> yes, they are on the interior. people are all around in an open area layout. when people need to meet, they find a conference room. >> you are moving right now. as a businessman, as a new york guy, how do you feel about you moving to the empire state? >> it is...
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environment is different. it is not half bad. >> very politic. that's move on the big investment banks, from citigroup to jpmorgan, bracing for a slump in the first quarter that is not citigroup says that trading revenue will probably drop. the jpmorgan ceo, jamie dimon, said last week that revenue from fixed income is down 15%. putting this into perspective for us, joining us by phone, jason goldberg. jason, how much of this is priced in? >> we think a lot of it is. we think that we will see trading results coming out from citigroup and j.p. morgan. you see it every day in the marketplace in terms of volume. ,aybe lower than anticipated investors and risk mode for the last few weeks. >> you make a nice distinction this morning about the venezuela laws. volume, as youh mentioned? or is this about something that went wrong? >> alternately it tends to be a terms ofng quarter in trading. if you look at the linked quarter basis, we still think it will be up 25%, 35%. most banks are just comping against the tough o
environment is different. it is not half bad. >> very politic. that's move on the big investment banks, from citigroup to jpmorgan, bracing for a slump in the first quarter that is not citigroup says that trading revenue will probably drop. the jpmorgan ceo, jamie dimon, said last week that revenue from fixed income is down 15%. putting this into perspective for us, joining us by phone, jason goldberg. jason, how much of this is priced in? >> we think a lot of it is. we think that...
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backed companies are doing these quick turnarounds lately, which in the past has signaled a real frothy environment with companies going public after only one year of being held private. it would be a real benefit for them to start exiting right now while the ipo market is hot. they could get a decent valuation, presumably. $5 billion is what people said they were looking at. which is sizable. >> the question that people have, some cultures are very adverse to private equity. the germans call it locus. >> some people say that they do a great thing, they by companies in bad shape, turn them around, put them back on the market. others think that they play the stock market cycles correctly. things are out of favor, they pick them up and sell them on the wave. >> they get paid millions of dollars to time that correctly. sometimes it works out, sometimes it does not, but it seems to be paying off for these private equity sponsors. >> in the case of j. crew, when they took it private or last time there were multiple lawsuits involved that there was somehow collusion to get it at a cheaper price. those ki
backed companies are doing these quick turnarounds lately, which in the past has signaled a real frothy environment with companies going public after only one year of being held private. it would be a real benefit for them to start exiting right now while the ipo market is hot. they could get a decent valuation, presumably. $5 billion is what people said they were looking at. which is sizable. >> the question that people have, some cultures are very adverse to private equity. the germans...
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that you wanted to create this environment that was not like happy feel-good music? the whole job from my point of view is to take you up in space with ryan and the lead character. if she was feeling overwhelmed, we needed the audience to feel like that. you look at everything you could do. always following the story and taking the audience on the journey. a let me ask you about being composer nowadays. did you think as a kid you were going to grow up and be a composer, or do you see that as the best outlet for you to now?ss creativity in music >> the main music was a thing from very young. anded to love songwriting that kind of thing. and in their early 20's i got my first job with a film composer. it was only when i started moving music around that i realized what is it could do to a story and this light went on. it after youte see a video or sometimes after you see a clip? >> sometimes you have a few thematic ideas. for me, it is always when the movie is there and you can see the performances. all of these different things combined and what the movie will need to.
that you wanted to create this environment that was not like happy feel-good music? the whole job from my point of view is to take you up in space with ryan and the lead character. if she was feeling overwhelmed, we needed the audience to feel like that. you look at everything you could do. always following the story and taking the audience on the journey. a let me ask you about being composer nowadays. did you think as a kid you were going to grow up and be a composer, or do you see that as...
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apart from that, it is going to be everything from the economy to his thoughts about the investing environment right now. are these sectors the ones that are responsible for the profits? >> a big chunk of it. another piece of the equation is -- there was not , lot of bad weather last year so the claims they faced should be lower. thank you so much. we appreciate that look into berkshire hathaway. we are a few minutes from the opening bell. we have your top 10 traits. keep it right here on "in the loop." ♪ >> will come back. you are "in the loop." i am alix steel. bloomberg television is on the markets. scarlet fu has the latest. >> durable goods came in a little bit better than anticipated. the nasdaq futures are still up slightly. the s&p rose above its closing high but it was unable to hold onto that game yesterday -- gain yesterday. is still stronger, but cutting off its earlier level. imf put out a statement -- the ukraine notified the imf and the imf is ready to respond. we will continue to monitor that story as well. we are on the markets again in 30 minutes. >> let's count down to the
apart from that, it is going to be everything from the economy to his thoughts about the investing environment right now. are these sectors the ones that are responsible for the profits? >> a big chunk of it. another piece of the equation is -- there was not , lot of bad weather last year so the claims they faced should be lower. thank you so much. we appreciate that look into berkshire hathaway. we are a few minutes from the opening bell. we have your top 10 traits. keep it right here on...
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we will definitely increase the new amount of the recycled rubber for new tires and help the environment. concernis the biggest for the next years? there seems to be a push to gain more independence from the auto industry and we're seeing the early signs of carmakers coming back in europe. hope that the signals we are getting from europe will get stronger and that european markets will recover. year, we were at the level that we were 10-15 years ago. in northppreciate it america. on the is your take percentage of tire production that we want. we are putting a lot of money on tire production and you have a figure in mind? what is that figure? i can give you the production rate of last year. andly 125 million last year this was an increase over 2012 and our target is to grow production towards the level of 150 million in the next 5-6 years. >> what kind of vehicle? money to upgrade the spending on the tire division. are the standard vehicle tires? is it that they once used in the mining industry? >> we are targeting premium tires and passenger cars. inare also investing specialty tires. yo
we will definitely increase the new amount of the recycled rubber for new tires and help the environment. concernis the biggest for the next years? there seems to be a push to gain more independence from the auto industry and we're seeing the early signs of carmakers coming back in europe. hope that the signals we are getting from europe will get stronger and that european markets will recover. year, we were at the level that we were 10-15 years ago. in northppreciate it america. on the is your...
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>> luxury brands today, and this they feel this time their brand is more controlled, in this environment, then being on digital. >> that this is real, this is not virtual in other words. >> this can go anywhere. they want this to be very comfortable, and brands are similar, they are competitive with them in some way. >> what is your partnership with ? they do attract the high-end shopper. >> knowing that their audience is as good as they get, and they love to travel, and eating, food, home design and fashion, watches, you name it. this is a full on luxury lifestyle. that is what we have tried to do. itough their channels -- engages that digital audience because many people who are usually users, like to use magazines. >> do we need another magazine? i walk by a magazine stand every day and we have magazines, "vogue," "travel and leisure." most --n the webby for best homepage and navigation and tonsture and we have won of accolades. >> is the list you are operating with what you want, ultimately? a lot of people think of this as a flash sales site, and not a luxury destination. would you
>> luxury brands today, and this they feel this time their brand is more controlled, in this environment, then being on digital. >> that this is real, this is not virtual in other words. >> this can go anywhere. they want this to be very comfortable, and brands are similar, they are competitive with them in some way. >> what is your partnership with ? they do attract the high-end shopper. >> knowing that their audience is as good as they get, and they love to...
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where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure investment, to man come in to develop our resources of energy in the u.s.. do investors look at president obama's infrastructure proposal with any degree of belief or is it something that they say it has been proposed, we will write it off? are looking at all of these intersections all of the time. about hownking a lot frompolicy in washington, the fed to defense spending, affect the markets? , you your hope and prayer are the queen of a higher oil price and you got it right. does it drive higher here? libya -- their production is out. if they cannot get the barrels back on, we will be in a higher priced situation. you need to watch the iraqi elections coming up in april. one thing to watch in the downside is the iranian nuclear negotiation. to the the risks are upside in terms of geopolitics. >> i want to bring it back to janet yellen testifying later tod
where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure investment, to man come in to develop our resources of energy in the u.s.. do investors look at president obama's infrastructure proposal with any degree of belief or is it something that they say it has been proposed, we will write it off? are looking at all of...
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has by castingt this environment of weak this takeed president putin to the actions. the whole thing began by him intervening in ukraine internal politics where they were trying to execute an agreement with the eu. ultimately this invasion by russia. the president, and secretary kerry, have to shift their view to understand this is a different russia than they perceived. their view has been as secure russia is a secure europe, but the more secure russia feels, the more adventurous they become. the secretary needs to begin to recognize this is not an east-west issue. >> bring as breaking news to help us in the conversation. >> the ukraine prime minister says russian forces are now only in crimea. also seeks clarity for what they want and says the troops will not invade east ukraine. headlines from the ukrainian prime minister. to what extent is there discussion on moving american warship to the region if it comes to that? there needs to be a broader discussion then where do we move asset? takeed to make sure we actions that strengthen the allies. a number of allies are
has by castingt this environment of weak this takeed president putin to the actions. the whole thing began by him intervening in ukraine internal politics where they were trying to execute an agreement with the eu. ultimately this invasion by russia. the president, and secretary kerry, have to shift their view to understand this is a different russia than they perceived. their view has been as secure russia is a secure europe, but the more secure russia feels, the more adventurous they become....
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what they're doing is a result of what people say is a zero interest rate environment. >> the idea zero return goes to charles plosser. do we have challenges in investment? do low interest rates distort american finance? i think there are a lot of people that complain. is worried that we distort various price signals. >> you worry about chronic low interest rates. >> how long will it take before the pressures of that begin to show up and financial stability and capital going where does not need to go. the more central banks around the world and the fed try to distort the signals, the distortions build up over time. >> capital going places, being turned around quickly. not much sign of the traditional money velocity. there is a ratio of how much money is in the system. that has more to do with other things. i do not think that is driving the search for yield that we see. bank loans have fallen. they are up a little bit. are there optimistic signs that things have turned or are starting to turn? economy is in better shape than it has been in a couple of years. man i have never been one to
what they're doing is a result of what people say is a zero interest rate environment. >> the idea zero return goes to charles plosser. do we have challenges in investment? do low interest rates distort american finance? i think there are a lot of people that complain. is worried that we distort various price signals. >> you worry about chronic low interest rates. >> how long will it take before the pressures of that begin to show up and financial stability and capital going...
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up couch environment was set for one-size-fits-all. it was affordable. in the world that rich is describing, it is increasingly less affordable for that 21-year-old to 30 five-year-old. >> walter, you covered telecom and media. what does the deal between dish and disney mean for google, apple, amazon? it >> these guys have to wonder about their long-term business plans in general. look at what the telecom companies are doing in terms of pocketing wireless usage. we had all of this debate from last week or two weeks ago, when comcast and netflix came to terms. if you are google and you want people to watch youtube or are thinking about a television type service. you are at a disadvantage, you do not control that. if i am verizon, as an example, i can extend my product to wireless. or these other guys will be at a disadvantage if they try to sell over the top. >> you have known these guys forever. i want you to ask the questions that you want to ask rich and walter right now. what matters to you when you look at the analysis on these companies? byfor me i
up couch environment was set for one-size-fits-all. it was affordable. in the world that rich is describing, it is increasingly less affordable for that 21-year-old to 30 five-year-old. >> walter, you covered telecom and media. what does the deal between dish and disney mean for google, apple, amazon? it >> these guys have to wonder about their long-term business plans in general. look at what the telecom companies are doing in terms of pocketing wireless usage. we had all of this...
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it gives them that opportunity, in a calmer environment. >> cash is a factor in that. you can always get cash. you can leverage something, ight? if there is a cogent strategy -- >> you are able to get cash. >> it is costly. but you can do it. >> the mob might lend you money. >> but when you are meandering around a bunch of strategies and a lost customer base, it is very difficult. >> if you are doing restructuring with jcpenney or another company, is there a point beyond which you just say, ok, it is not worth salvaging here, we're just going to shut it all down? where is the tipping point echo -- where is the tipping point? >> you know, jcpenney has artie crusted, but that is a qualitative thing you have to go through. thed to consider what is in best interest of stakeholders. when you are dealing with the company that is burning through 'slot of cash, the board fiduciary duty is to debtors -- i'm sorry, to creditors, as opposed to just shareholders. that is sort of the switch. in the restructuring world, once you get into the point -- >> the shareholders don't enter
it gives them that opportunity, in a calmer environment. >> cash is a factor in that. you can always get cash. you can leverage something, ight? if there is a cogent strategy -- >> you are able to get cash. >> it is costly. but you can do it. >> the mob might lend you money. >> but when you are meandering around a bunch of strategies and a lost customer base, it is very difficult. >> if you are doing restructuring with jcpenney or another company, is there a...
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tomorrow, we will talk leadership with a business environment that is the 2014 leadership commodity. look for that tomorrow on bloomberg surveillance. >> our guest host is bob nardelli. let's get to some company news now from the files of "hobart west." target, procter & gamble, giving some p&g products less product placement in its stores. amazonmes after p&g let set up shop in the warehouses, allowing them to order products faster. falling for the first time in a decade, the company had just over 431,000 employees after last year. a 10% drop the last time this happened was 2002. coming as ibm tightened costs and to try to break seven straight quarters of falling revenue. telekom wants closer ties with germany's biggest carriers in markets like romania. netherlands, they have artie said that their german unit will introduce the new offer in the spring. course within bloomberg surveillance this morning we have seen headlines from ukraine and russia. vladimir putin, russia, flexing his muscles, the president ordering an urgent drill for troops across the central districts to test mili
tomorrow, we will talk leadership with a business environment that is the 2014 leadership commodity. look for that tomorrow on bloomberg surveillance. >> our guest host is bob nardelli. let's get to some company news now from the files of "hobart west." target, procter & gamble, giving some p&g products less product placement in its stores. amazonmes after p&g let set up shop in the warehouses, allowing them to order products faster. falling for the first time in a...